Retirement plan

THE WAGNER COMPANIES RETIREMENT PLAN

Name: R & B WAGNER, INC. - THE WAGNER COMPANIES RETIREMENT PLAN (2023) Form 5500
Creator: R & B WAGNER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE WAGNER COMPANIES RETIREMENT PLAN, R & B WAGNER, INC.

R & B WAGNER, INC.EIN 39-0910046Plan #003PY 2023

10600 W BROWN DEER RD - MILWAUKEE, WI 53224414-214-8388rbwagner.comLinkedIn51-200 employees

Other plans on this EIN

1 filing

#004Retirement-$20.4M assets

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed April 22, 2021

Plan administrator

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PO Box 423

Butler, WI 53007

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Plans declared (1)

Plan name not on file1 emp

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Total assets (EOY)

$29.1M

+9.4% from 2022

Total participants

217

+13.6% from 2022

Average account balance

$138,360

-1.0% from 2022

Annual return

14.94%

+27.86 pp from 2022

Benchmarks

See 4,137 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,137 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$21.67M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$105K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

206

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.81%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$493

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
ASCENSUS LLC9+ years Filed as: FRANCIS INVESTMENT COUNSEL, LLC Service code 26 · EIN 90-0142264	Advisory (Participants)	$62,240
NEWPORT GROUP, INC.8 years Service code 13 · EIN 27-2037969	Contract Administrator	$17,365

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3F

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$80K

$517 / participant

Recordkeeping$4K5.1%
Investment mgmt$62K78.2%
Contract admin$13K16.7%

% of EOY assets

0.274%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI, LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$138,360

$76,112+81.8%

$96,544+43.3%

$71,529+93.4%

Participation rate

95.5%

74.4%+21.1pp

76.0%+19.5pp

67.9%+27.5pp

Annual return

14.94%

22.80%-7.9pp

25.88%-10.9pp

28.97%-14.0pp

Employer contribution / active EE

$1,444

$2,248-35.8%

$2,966-51.3%

$2,590-44.2%

Participant deferral / active EE

$6,587

$4,217+56.2%

$4,851+35.8%

$4,291+53.5%

Admin fee / account holder

$379

$2,708-86.0%

$8,254-95.4%

$1,588-76.1%

Provider

Service type

Compensation

ASCENSUS LLC9+ years

Filed as: FRANCIS INVESTMENT COUNSEL, LLC

Service code 26 · EIN 90-0142264

Advisory (Participants)

$62,240

NEWPORT GROUP, INC.8 years

Service code 13 · EIN 27-2037969

Contract Administrator

$17,365

THE WAGNER COMPANIES RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE WAGNER COMPANIES RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion